Define and compare the terms vagueness and ...

[stevenposner]

Define and compare the terms vagueness and ambiguity.

Question 2

The Uniform Commercial Code has provisions applicable to international business allowing substituted performance.
  Indicate whether the statement is true or false

[Missbam101]

Answer to Question 1


Vagueness occurs when the parties do not want the contract to be clear. They want to keep their options open, so they don't clearly define some terms.

Ambiguity is different --- it means that the provision is accidentally unclear. It occurs in contracts when the parties think only about what they want a provision to mean, without considering the literal meaning or the other side's perspective. Any ambiguity is interpreted against the drafter of the contract.



Answer to Question 2

TRUE

[stevenposner]

Gracias!

[tkempin]

Thanks for the timely response, appreciate it